Profit Shifting in the 21st Century: Multinationals’ Use of Intrafirm Patent Transfers

Abstract: An analysis indicates that a high percentage of U.S. patents that shifted to tax havens like Bermuda are intrafirm transfers. Such transfers may be a tax avoidance strategy by multinationals.

Keywords: patents; tax havens; intrafirm patent transfers; tax avoidance; multinational corporations;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2023-09-12